Comments on: Ally Bank Raises Savings Account Interest Rate http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Lee http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/comment-page-1/#comment-135733 Lee Sat, 17 Oct 2009 06:23:28 +0000 http://www.fivecentnickel.com/?p=3528#comment-135733 LOL, see www checking finder com. There are rules, but 4% checking interest is available. LOL, see www checking finder com. There are rules, but 4% checking interest is available.

]]> By: LOL http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/comment-page-1/#comment-134570 LOL Mon, 31 Aug 2009 18:25:32 +0000 http://www.fivecentnickel.com/?p=3528#comment-134570 Single Guy Money: A checking account paying 4%? I have heard of no such thing going on... mind sharing the details? The highest checking account on BankRate lists 0.75% at Charles Schwab. The highest savings rate is about 2%. Single Guy Money: A checking account paying 4%? I have heard of no such thing going on… mind sharing the details?

The highest checking account on BankRate lists 0.75% at Charles Schwab. The highest savings rate is about 2%.

]]> By: Single Guy Money http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/comment-page-1/#comment-134565 Single Guy Money Sun, 30 Aug 2009 23:45:52 +0000 http://www.fivecentnickel.com/?p=3528#comment-134565 Not a huge increase but at least they are increasing the rates instead of decreasing. Too me though, it would take at least 5% to make it worthwhile to switch from my current high rate checking account paying 4%. - SingleGuyMoney Not a huge increase but at least they are increasing the rates instead of decreasing. Too me though, it would take at least 5% to make it worthwhile to switch from my current high rate checking account paying 4%.
- SingleGuyMoney

]]> By: Robert http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/comment-page-1/#comment-134562 Robert Sun, 30 Aug 2009 18:16:20 +0000 http://www.fivecentnickel.com/?p=3528#comment-134562 Yeah, I saw they raised rates too. Unless you have more than 250K in there, I would view it as a good thing. Enjoy the extra interest income. However, I also agree with Kirks point, and if you have more than 250K, you may want to spread it around and find another shelter. Yeah, I saw they raised rates too. Unless you have more than 250K in there, I would view it as a good thing. Enjoy the extra interest income.

However, I also agree with Kirks point, and if you have more than 250K, you may want to spread it around and find another shelter.

]]> By: Kirk Kinder http://www.fivecentnickel.com/2009/08/30/ally-bank-raises-savings-account-interest-rate/comment-page-1/#comment-134560 Kirk Kinder Sun, 30 Aug 2009 17:45:13 +0000 http://www.fivecentnickel.com/?p=3528#comment-134560 This probably isn't a good thing. GMAC, or I mean Ally, needs to raise capital or face a Friday evening visit from the FDIC. So they are offering higher rates to attract that capital. So before you jump for joy that you are getting a higher yield, you should realize this may be a bad sign. This probably isn’t a good thing. GMAC, or I mean Ally, needs to raise capital or face a Friday evening visit from the FDIC. So they are offering higher rates to attract that capital. So before you jump for joy that you are getting a higher yield, you should realize this may be a bad sign.

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